Net Worth: $26.43 Billion
Statistics
Type | Publicly Held Corporation |
Industry | Retail |
Founded | 1992 |
Founder | Lawerence Rossy |
Headquarters | Mount Royal, Quebec, Canada |
Key People | Neil Rossy, CEO Larry Rossy (Executive Chairman) |
Products | Cleaning supplies, toys, candy, grocery, gifts, healthcare products, kitchenware, stationery, party supplies, hardware |
Revenue | $2.9 billion CAD (2016 |
Operating Income | $646.5 million CAD (2016 |
Net Income | $445.6 million CAD (2016) |
Number of Employees | 22,000 – 25,000 |
Website | https://www.dollarama.com/en-CA/ |
About Dollarama
Dollarama Inc. is a Canadian dollar store retail chain with an estimated net worth of $26.43 Billion. Company revenues in 2016 was $2.9 Billion with an operating income of $646.5 Million, and a net income of $445.6 Million. The company employees between 22,000 and 25,000 people. The discount retailer grew to 44 stores by 1992 which until then operated under the name Rossy S Inc. That year, Larry Rossy opened the first Dollarama at the shopping center “Les Promenades du St-Laurent” in Matane. By the late 1990s, Dollarama had become by far the primary source of revenue for the Rossy family. After converting all the locations to the dollar store concept, Larry Rossy continued to open new stores reaching 1,000 stores in 2015. In November 2004, 80 percent of the chain was sold for $850 million US, to a private equity fund, Bain Capital, of Boston, Massachusetts.